Studies show that wealth has nothing to do with luck, education or intelligence. It is the simple fact that wealthy people understand the principles of accumulating wealth and how to put them into effect.
If you follow the 5 lessons below, your life will change and you will become wealthy. These lessons are very simple; however, they require your commitment and a change in how you presently deal with money. It requires a change in your current model of thought.
Lesson 1: Decide To Be Wealthy
Make a decision today to be wealthy. Write down this goal, and either pin it on your board or carry the paper with you at all times. Take a look at your goal every day: Today I decide to be wealthy.
Your conscious decision to make a choice is the beginning of all your journeys. The moment you make a decision your consciousness will automatically start working on the solution to create that reality.
Lesson 2: Take Responsibility For Your Money
If you don't control your money, your money will control you! Controlling your money simply means that you need to know how much money you have, where you spend it and where it comes from. Take a piece of paper and write these three items down as precisely as possible.
Make this list as detailed as you can. Get a feeling of what your money is doing. The entire point of this exercise is to make your money work for you (you control your money)—and not the opposite (your money controls you).
Lesson3: Keep A Portion of Everything You Earn
Wealthy people pay themselves first, and then pay the bills! From time to time you hear stories about celebrities going bankrupt or having to wait tables. What happened? They obviously never saved a portion of their income and put it aside. If they had, they would still be wealthy.
Take at least 10% of your income every month and put it aside. Never ever touch this money for anything other than for investment purposed to make this money work for you. Don't kill the goose that lays the golden eggs.
Lesson 4: Win In The Margins
Always strive to improve your income and watch your costs. Reduce the money you spend. Do you really need that electric sock dispenser? Drive a more economical car and move into a smaller house with less expensive rent or mortgage. Replace the common belief that consuming for its own sake is a necessary part of your life with something that is more balanced.
Accumulating possessions will not make you happy! More stuff reduces your free attention, and you’ll have less attention left to focus on building your wealth.
Lesson 5: Give back
Would you like to live in a society where everybody has more than enough, where everybody is mostly focused on helping and supporting others? I bet you do. If everybody focuses only on themselves, our society would soon starve to death and be split into winners and losers.
If everybody focuses on giving back and on contributing to a better society, we would all have more than enough happiness. Peace and abundance would be the common ground.
Understand that we are not truly separate from one another; we are all depend on each other. The very things we all need the most—like fresh air, healthy food and loving hearts—are the things we most depend on others. The more we understand that this is a cooperative process and not an individual, separate one, the more we will reap the benefits from it.
Sharing your wealth and time is love made visible.
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